I mean there’s Reddit ofc, as well as Twitter in its entirety, Discord is implementing some dumb updates, there are issues with Tumblr as well as everything to do with Meta, and I’m sure there are plenty more (and I haven’t even touched other digital media, for example the Sims). Why is it all happening in the span of about a couple months?
That’s kind of core to most business models though, even the ones we usually respect. Take video game consoles; a lot of the hardware is sold at a bit of a loss, especially considering the R&D going into them over a long period of time. Then, they make that money back via third party game sales when their playerbase is eventually high.
I’m a video game tester. One game I work on makes millions a month on just one console platform. It makes sense for them to sell consoles at a loss considering the money they make later on.